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Indirect stake in a controversial Israeli company | Less weight for the Caisse de depot

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The security company Allied, of which the Caisse de depot et placement du Québec owns 28% of the shares, will sell the stakes it indirectly holds in the controversial Israeli company Policity.

The acquirer will partner Allied subsidiary G4S in Policity: G1 Secure Solutions. Policity operates a police academy which trains prison guards whose actions are denounced by non-governmental organisations. The transaction must be approved by the Netanyahu government.

The info was published by human rights organizations in Palestine before being relayed in Quebec by popular groups. Solidarity deputy Haroun Bouazzi, who had asked the Caisse in parliamentary committee to act accordingly, is delighted with the turn of events.

“As Charles Emond indicated last May during the study of the credits, writes in an email Kate Monfette, spokesperson for the Caisse de depot, we have had several calls with Allied on the subject in question. . During the transaction with G4S, they had committed to selling certain activities and we have no concerns that in the long term, this is what will happen. »

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